Funds to consider their own governance at AIST conference

The AIST is holding its first superannuation fund governance conference at the Melbourne Sofitel Hotel on May 6, which is designed to help trustees and executives to review the governance of their funds.

Typically, most governance conferences to date – and sessions at the major industry association conferences – have involved funds looking to better govern their investments rather than the oversight of their own organisational structures. Next week’s conference, held in conjunction with the Melbourne Centre for Financial Studies, includes as speakers: Keith Ambachstsheer, of the University of Toronto (via satellite link), Ross Jones, deputy chair of APRA, Professor Michael Skully, of Monash University, and Leo de Bever, CIO of VFMC. It will be followed by a dinner with Senator Nick Sherry, Minister for Superannuation and Corporate Law. Information and bookings: www.aist.asn.au

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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